Blackbird PLC Director/PDMR Shareholding (0776U)
March 24 2023 - 3:00AM
UK Regulatory
TIDMBIRD
RNS Number : 0776U
Blackbird PLC
24 March 2023
24 March 2023
Blackbird plc
(the "Company")
Director / PDMR Shareholding
Blackbird plc (AIM: BIRD; OTCQX: BBRDF), the technology
licensor, developer and seller of the market-leading cloud native
video editing platform, Blackbird, was informed that, on 23 March
2023, Stephen White, Chief Operating and Financial Officer bought
82,739 ordinary shares of 0.8 pence each in the Company ("Ordinary
Shares") at a price of 7.85 pence per Ordinary Share and 43,688
Ordinary Shares at a price of 8.0 pence per Ordinary Share.
Following the above purchases, Stephen White now has a total
beneficial interest in 543,162 Ordinary Shares, equivalent to
approximately 0.15 per cent. of the Company's issued share
capital.
The FCA notification in relation to the above and made in
accordance with the requirements of the UK Market Abuse Regulation
is appended further below.
Enquiries:
Blackbird plc Tel: +44 (0)20 8879
7245
Ian McDonough, Chief Executive Officer
Stephen White, Chief Operating and Financial
Officer
Allenby Capital Limited (Nominated Adviser Tel: +44 (0)20 3328
and Broker) 5656
Nick Naylor/Piers Shimwell (Corporate Finance)
Amrit Nahal (Sales and Corporate Broking)
About Blackbird plc
Blackbird plc operates in the fast-growing SaaS and cloud video
market. It has created Blackbird(R), the world's most advanced
suite of cloud-native computing applications for video, all
underpinned by its lightning-fast codec. Blackbird plc's patented
technology allows for frame accurate navigation, playback, viewing
and editing in the cloud. Blackbird(R) enables multiple
applications, which are used by rights holders, broadcasters,
sports and news video specialists, esports, live events and content
owners, post-production houses, other mass market digital video
channels and corporations.
Since it is cloud-native, Blackbird(R) removes the need for
costly, high end workstations and can be used from almost anywhere
on almost any device. It also allows full visibility on
multi-location digital content, improves time to market for live
content such as video clips and highlights for digital
distribution, and ultimately results in much more effective
monetisation.
Blackbird plc is a licensor of its core video technology under
its 'Powered by Blackbird' licensing model. Enabling video
companies to accelerate their path to true cloud business models,
licensees benefit from power and carbon reductions, cost and time
savings, less hardware and bandwidth requirements and easy
scalability.
www.blackbird.vide o
www.linkedin.com/company/blackbird-cloud
www.twitter.com/blackbirdcloud
www.facebook.com/blackbirdplc
www.youtube.com/c/Blackbirdcloud
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Stephen White
-------------------------------- --------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status Chief Operating and Financial Officer
-------------------------------- --------------------------------------
b) Initial notification /Amendment Initial notification
-------------------------------- --------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Blackbird plc
-------------------------------- --------------------------------------
b) LEI 2138006DWRVTIAVW3415
-------------------------------- --------------------------------------
4 Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.8p each
instrument, type of instrument
Identification code GB0004740477
-------------------------------- --------------------------------------
b) Nature of the transaction Purchase of ordinary shares
-------------------------------- --------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
7.85p 82,739
8.00p 43,688
-------------------------------- --------------------------------------
d) Aggregated information
- Aggregated volume 126,427
- Price N/a - see prices above
-------------------------------- --------------------------------------
e) Date of the transaction 23 March 2023
-------------------------------- --------------------------------------
f) Place of the transaction London Stock Exchange, XLON
-------------------------------- --------------------------------------
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END
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